Reliance Inc reports results for the quarter ended December 31 - Earnings Summary

Reliance

19/02/2025 22:50

* Reliance Inc  RS.N  reported quarterly adjusted earnings
of
$2.22​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of
$4.73.  The mean expectation of seven analysts for the quarter
was for earnings of $2.74 per share. Wall Street expected
results to range from $2.68  to $2.80 per share.
    * Revenue fell 6.3% to $3.13 billion from a year ago;
analysts
expected $3.06 billion. 
    * Reliance Inc's reported EPS for the quarter was $1.93​.
    * The company reported quarterly net income of $105.3
million.
    * Reliance Inc shares had risen by 11.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Reliance Inc is
$325.00 
This summary was machine generated from LSEG data February 19 at
10:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      2.74           2.22           Missed
 Sep. 30 2024      3.66           3.64           Missed
 Jun. 30 2024      4.73           4.65           Missed
 Mar. 31 2024      5.53           5.30           Missed